Texas Local Government Code § 303.105 Vesting Property In Sponsoring Entity

Sec. 303.105. VESTING PROPERTY IN SPONSORING ENTITY. The title to all funds and other property owned by a corporation when it dissolves automatically vests in the corporation's sponsor without further conveyance, transfer, or other act.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.

Section: Previous  303.073  303.074  303.075  303.076  303.077  303.078  303.101  303.102  303.103  303.104  303.105  303.106  303.121  303.122  303.123  Next

Last modified: September 28, 2016